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20121205
20121213
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the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped weaker than expected. the ftse up a quarter a percent. the ibex up around .2. also dragged down by disappointing retail sales. that's where we stand right now ahead of the u.s. open. what are investors to
to avoid the fiscal cliff. president obama says he expects a deal before the year is out. and both sides traded offers yesterday. the markets are watching every move. >>> today is decision day for the fed. central bank announced another round of bond buying. we look ahead to the news conference with ben bernanke. >>> and michigan's governor makes history, turning a one-time union powerhouse
growth. the fiscal cliff still looming. new survey finds more than half of leading investment professionals expect a deal, though, before year end. but it's their opinions on what happens if a compromise isn't reached that is troubling. and sec warning to netflix raising questions about how
the optimists think if we can get beyond the fiscal cliff it will be positive. but we have to get a long-term budget deficit deal done or we'll continue to be in the slow growth type of economy. >> it's clear everything wants the confidence going forward. when it comes to how they might react to any pressure in the near term, can you explain, you know, whether it's cutting back on capital spending or cutting back on hiring? how companies are taking these decisions into account. it's been one area of uncertainty lately. we've seen stronger payroll despite pullback in capital spending. is the outlook likely to be consistent with that? >> you know, again, i think we're sitting right on the precipice here. we've done this survey year in and year out for a number of years. we also do a cash indicator. i actually see some of this underlying optimism in this survey if congress and the administration can get their act together here. and i think that even in our survey, we looked at the first half of '13 being slow and then the second half picking up. so there is a lot of possibility here that we
Search Results 0 to 3 of about 4